What is the formula for spousal maintenance in NY?

Typically, the judge will take 20% of the lower-earning spouse's income and subtract that number from 30% of the higher-earning spouse's income. For example, one spouse makes $100,000, and the other makes $20,000. Thirty percent of $100,000 is $30,000, and 20% of $20,000 is $4,000.

What are the formulas for alimony?

The guideline states that the paying spouse's support be presumptively 40% of his or her net monthly income, reduced by one-half of the receiving spouse's net monthly income. If child support is an issue, spousal support is calculated after child support is calculated.

US Legal Forms
Affidavits
Affidavit of Defendant Spouse in Support of Motion to Amend or Strike...

Spousal Support Calculator With Child Formula In Nassau

Category:

Family Law - Divorce - Affidavits

State:

Multi-State

County:

Nassau

Control #:

US-00004BG-I

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Instant download

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This is a generic Affidavit to accompany a Motion to amend or strike alimony provisions of a divorce decree because of the obligor spouse's changed financial condition. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

For one child, you take 17% of the parents' combined income, for two children you take 25%, for three children you take 29%, for four children you take 31% and for five children you take no less than 35% of the parents' combined income and this percentage amount represents the basic child support obligation.

The formula is simple: Divide the Wife's annual amount by the interest rate: $100,000 divided by . 10 = $1 million. The formula is known as the present value of a perpetuity because it continues in perpetuity.

Typically, the judge will take 20% of the lower-earning spouse's income and subtract that number from 30% of the higher-earning spouse's income. For example, one spouse makes $100,000, and the other makes $20,000. Thirty percent of $100,000 is $30,000, and 20% of $20,000 is $4,000.

The person asking for alimony must show the court that he or she needs financial support, and that the other spouse has the ability to provide financial support.

The guideline states that the paying spouse's support be presumptively 40% of his or her net monthly income, reduced by one-half of the receiving spouse's net monthly income. If child support is an issue, spousal support is calculated after child support is calculated.

40% of the high earner's net monthly income minus 50% of the low earner's net monthly income. For instance, if Spouse A earns $5,000 per month and Spouse B earns $2,500 per month, temporary spousal support might be calculated as follows: 40% of $5,000 = $2,000. 50% of $2,500 = $1,250.

NYC Spousal Support Calculation In 2021, the cap was $192,000. Effective March 1, 2022, the spousal support cap will be $203,000.

More info

Worksheets to calculate guideline amounts of maintenance and child support. Optional tools to help with calculations are below.This page will help you calculate the figures a New York judge would consider in determining how much should be paid in maintenance and child support. This Child Support Standards Chart can be used to determine an approximate annual child support obligation. See how parenting time affects the total. Neither this Worksheet nor the Calculators are meant to predict what the court will order as to maintenance or child support in your case. New York Child Support Calculator that calculates child support payable based on the percentage of child support payable. Your CSSA income and the other parent's CSSA income are the basis of what is used in the child support calculations. When determining PostDivorce Maintenance, there are a variety a formulas utilized, depending on whether child support is also being paid. New York family law has a formula for calculating temporary support based on the income of both spouses and the amount of child support to be paid.

Spousal Support Calculator With Child Formula In Nassau

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